In cultures around the world families and friends pool their money together into a single pot of money. The process is called esusu, and a new app has adopted the name and making the process easier than ever.
Abbey Wemimo is the co-founder of Esusu. As an immigrant himself, Wemimo's mother practiced esusu and used that financing strategy to send Wemimo to school.
Wemimo explains that the main focus is to create a platform for immigrants and people of color, but of course he would be happy for all Americans to use the platform. Accessibility was a key factor in developing Esusu, which is why Wemimo says the company built a phone-based app.
Huge spinning wheels, “floating” wooden blocks and suspended geometric shapes hovered over a surreal mini-golf course Tuesday at Chanel’s remarkable couture show.
Despite wild fluctuations and increasing competition from other canine-themed coins such as Shiba Inu and Dogelon Mars, Dogecoin has held onto the top spot of meme coins.
December home sales fell 4.6%, but overall capped off a year of strong home sales. Lower supply was cited as the biggest factor in December's dip. Ed Moya, chief marketing strategist at Oanda, joins Cheddar News' Closing Bell to discuss the data, mortgage rates, sales numbers, and more.
Tesla Inc. has posted record fourth-quarter and full-year earnings as deliveries of its electric vehicles soared despite a global shortage of computer chips.
Stocks gave up an early rally and closed lower on Wall Street Thursday as a streak of market volatility continued.
The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.
Heirs of Pablo Picasso, the famed 20th-century Spanish artist, are vaulting into 21st-century commerce by selling 1,010 digital art pieces of one of his ceramic works that has never before been seen publicly.
Boeing is reporting a fourth-quarter loss of $4.16 billion after taking a big charge against earnings to cover delays in delivering one of its jets to airline customers.
An early market rally gave way to a broad slide for stocks and a surge in bond yields Wednesday after the Federal Reserve signaled it plans to begin raising interest rates “soon” to fight a spike in inflation.
Arguably the biggest challenge to the rise of electric vehicles is their outsized demand for rare earth minerals. Cheddar's Alex Vuocolo does a deep dive into the struggle over securing supply chains for a green tech future.
